Tag Archives: Director

Saab Automobile Board Meeting Rescheduled For Tomorrow

Posted on 07. Jan, 2010 by .

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As reported this morning, Bloomberg indicates that the Saab Automobile AB management board meeting has been rescheduled for tomorrow to take in additional last minute efforts for other bidders to buy Saab.

The discussion tomorrow will not only include the bidders, but also whether or not to start production this Sunday, January 11th as stated previously.

They have some additional coverage of our “Save Saab” gathering in Detroit, which is again nice to see.

Here is the article below:

Jan. 7 (Bloomberg) — Saab Automobile AB, the Swedish carmaker being wound down by General Motors Co., postponed a board meeting and bidders including Spyker Cars NV are making last-ditch efforts to buy the brand as a sale deadline looms.

The gathering, originally set for today, will take place tomorrow and examine whether or how Saab can restart production Jan. 11 after a four-week break, board member Haakan Danielsson said an interview. Board members may also discuss any possible new bids for Saab, he said.

GM has extended a deadline for Saab bids until today, giving Spyker more time to come up with financing for its offer, people familiar with the matter have said. Genii Capital, a private-equity firm that agreed to buy a majority stake in Renault SA’s Formula One team last month, intends to hand in a cash offer today, according to Lars Carlstroem, the Swedish investor who is working with Genii.
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Göteborg, Sweden Newspaper Reports GM’s Reasons

Posted on 20. Dec, 2009 by .

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Goteborg, Sweden’s newspaper reports that the news on Friday morning broke at 6:45am when GME’s Nick Reilly called JAJ to tell him that the deal would be scrapped for the following two reasons below.

This is reported, so here’s hoping we get more reports to confirm this shortly.

But a quarter to seven on Friday morning called GM’s European Director Nick Reilly to Jan-Ake Jonsson with news that the deal be scrapped.
The reasons should be two, according to report:

• GM discouraged by Spykers Russian partner. GM’s technology might come to Russia.

• GM’s new management wanted to show decisiveness.

Although sales of Opel should have been stopped for fear that the technology would fall into Russian hands, the New York Times

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Electroengine, The Company Behind True Electric Saabs

Posted on 15. Dec, 2009 by .

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Photo Credit: Electro Engine

Here is some background on Electroengine, The Company Behind True Electric Saabs that launched their first test vehicles in June this year in Sweden.

tesaab

The Swedish company Electroengine in Sweden AB has developed a new system that makes it possible to adapt standard cars with internal combustion engines to high performance electric cars. A demonstration vehicle was on public display at the annual Almedal week in Gotland, Sweden, and the official launch took place on 29th June at 9.00 am in Visby harbour.

The system, which is entitled True Electric™, can be used directly in the production of new cars. It can also be used to convert existing cars to be purely electrically operated cars. This can be done without compromising the safety and performance of the cars. Furthermore, the system has the potential to be considerably more cost-effective than the electric drive systems that are currently on the market. One of its key components is a revolutionary battery management system for which a patent is pending.

Electroengine’s Managing Director, Thomas Bergfjord, comments: “Many people still want to keep driving nice-looking, practical and safe cars with good performance and handling while they are also keen to choose a more environmentally friendly and cost-efficient alternative. True Electric™ now makes it possible to combine the environmentally friendliness and low running costs of electric cars with the functions and performance of existing petrol-driven cars. We can, for example, use our technology to achieve 0-100 km/h acceleration of 6.5 seconds and a top speed of 180 km/h in a SAAB 9-3, as well as being able to drive it 150-200 km purely on electricity without having to change the car’s interior or exterior – thus retaining the luggage space and tow bar.”
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Jan Ake Jonsson Speaks At Press Conference In Trollhättan

Posted on 26. Nov, 2009 by .

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Dagens Industri and Swedish Radio West are both reporting on a recent press conference at Trollhattan’s Innovatum Tuesday night where Saab Automobile’s Managing Director, Jan Ã…ke Jonsson criticized the Swedish government for doing too little too late for his company.

Here is the article below.
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Saab History On the All New Saab 9-5 World Premiere

Posted on 18. Sep, 2009 by .

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Photo Credit: Saab History

As an attendee of the 2009 Frankfurt Motor Show earlier this week thanks to Tynan’s Saab & JMK Saab, I had the opportunity to see the all new Saab 9-5 and interview those that are responsible for shaping the future of Saab Automobile and the products. Without this timely support, I would not have had the opportunity to cover this experience here on Saab History for us.
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Saab’s Jan Ake Jonsson Presents To Supplier Organization

Posted on 01. Sep, 2009 by .

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In Södertälje Sweden, the town where Saab had their former engine factory, Saab Automobile’s Managing Director, Jan Ã…ke Jonsson will be conducting a presentation titled “The Road Ahead For Saab” to FKG on Wednesday.

FKG is an automobile industry association which represents automotive suppliers. According to the FKG website, this organization was established twenty years ago and it works together with automotive supplies in other Nordic countries such as Norway and Finland. There are approximately 300 members of this organization at this tiem.
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Saab’s Goteborg & Stockholm Offices Consolidated

Posted on 01. Sep, 2009 by .

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Photo Credit: Saab History

TTELA reports this morning that Saab Automobile’s Göteborg & Stockholm offices are to be consolidated.

The Göteborg office for Saab Automobile AB has 125 people in it and it is near Mölnlycke/Pixbo area close to the airport. In this office, the marketing, sales and design staff are located.

Saab Automobile AB Sales, Marketing & Design – Kvarnbacken 2, 43542 Mölnlycke, Sweden‎ – 031-354 00 00‎

The Stockholm, Sweden office is basically a GM Nordic office with about 25 peolpe in it, and so that will be rightfully consolidated to Trollhattan, Sweden as well.

General Motors Norden AB Årstaängsv. 17 11743 Stockholm, Sweden 08-632 85 00

These two offices will be relocated to Trollhättan, Sweden as a continued consolidation and centralization of everything Saab to where it all began.

It’ll be nice to hear that there will be a new separate design facility in Trollhattan. I wonder if this will be utilizing the existing former site of the “Saab Advanced Concept Center” that is located near the Saab Car Museum?

Here’s the piece from TTELA.


Saab Automobile in Trollhättan only

Trollhättan Saab Automobile concentrating all its activities to Trollhättan, reported Dagens Industri.

Offices in Stockholm and Gothenburg closed, but all the staff offered to move with. In total, 150 people.

Concerned departments in the Gothenburg area is the marketing department who had an office in Gothenburg and parts of the design department in Pixbo, Mölnlycke outside.

– We will include building a separate, new capacity Design in Trollhattan, “said Eric Geers, Communications Director at Saab Autommobile.

Saab has also taken on a new charge of sales in Sweden. Former Director Patrik Riese ended a few weeks ago and went to Volkswagen. Instead, many old Saab employee Kjell-Ake Eriksson, responsible for sales in Sweden.

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Official Press Release: General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab

Posted on 16. Jun, 2009 by .

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General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab.

Finally, official confirmation!

General Motors and Koenigsegg Group AB Reach Tentative Agreement on Saab

# Deal will secure Saab’s future
# EIB expected to provide $600 million financing with state guarantee by the Swedish government
# GM reinvention achieves another milestone

Zurich. General Motors Corp. and Koenigsegg Group AB, a consortium led by Koenigsegg Automotive AB, today confirmed the details of a memorandum of understanding for the purchase of Saab Automobile AB that secures Saab’s future.

The sale, expected to close by the end of the third quarter of this year, includes an expected $600 million funding commitment from the European Investment Bank (EIB) guaranteed by the Swedish government. Additional support is to be provided by GM and Koenigsegg Group AB to fund Saab’s operations and product program investments. This includes plans to launch several new products that are in the final stages of development. Saab had filed for reorganization under Swedish Law on Feb. 20, 2009. This tentative agreement is a key milestone for Saab to successfully emerge from its reorganization process.

“This is yet another significant step in the reinvention of GM and its European operations,” said GM Europe President, Carl-Peter Forster. “Saab is a highly respected automotive brand with great potential. Closing this deal represents the best chance for Saab to emerge a stronger company. Koenigsegg Group’s unique combination of innovation, entrepreneurial spirit and financial strength, combined with Koenigsegg’s proven ability to create world-class Swedish performance cars in a highly efficient manner, made it the right choice for Saab as well as for General Motors.”

As part of the proposed transaction, GM will continue to provide Saab with architecture and powertrain technology during a defined time period. Additionally, Saab plans to produce its next generation 9-5 models in the Saab production facility in Trollhättan, Sweden.

“The proposed agreement will enable us to maximize the brand’s potential through an exciting new product line-up with a distinctly Swedish character. Today’s announcement is great news for Saab’s current and future customers, dealers, suppliers and employees around the globe, said Jan Åke Jonsson, Managing Director of Saab Automobile AB.

The sale will be subject to customary closing conditions, including receipt of applicable regulatory, governmental and court approvals. Other terms and conditions specific to the sale are not being disclosed at this time. Deutsche Bank acted as financial advisor to General Motors Corporation.

General Motors Corp., one of the world’s largest automakers, was founded in 1908, and today manufactures cars and trucks in 34 countries. With its global headquarters in Detroit, GM employs 235,000 people in every major region of the world, and sells and services vehicles in some 140 countries. In 2008, GM sold 8.35 million cars and trucks globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling. GM’s largest national market is the U.S., followed by China, Brazil, the United Kingdom, Canada, Russia and Germany. In Europe, GM sells its vehicles in over 40 markets. It operates 10 vehicle-production and assembly facilities in seven countries and employs about 50,000 people. More information on GM can be found at http://media.gmeurope.com and http://www.gmeurope.com. GM Europe executives blog at http://drivingconversations.com.To support informed discussion and fact-based reporting, GM and Opel & Vauxhall have launched a new website at http://gmeuropefactsandfiction.com.

Koenigsegg Group AB is a consortium of private investors led by Koenigsegg Automotive AB. Koenigsegg Automotive AB manufactures supercars. It has representatives in Africa, Asia, Europe, the Middle East, North America, and the Oceania. The company was founded in 1994 and is based in Ängelholm, Sweden.

CONTACT(S):

GM Europe
Chris Preuss
+41 44 828 25 00
jchristopher.preuss@gm.com

Saab Automobile AB
Eric Geers
Tel: +46 (0) 520 27 97 97
eric.geers@gm.com

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